Angel investor says Twitter is considering $1/year blue checkmark user verification

macdonjo3

macdonjo3

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This is a couple days old but no one has brought it up yet so I might as well.

http://www.cnbc.com/id/102405351

$1/year... This is because they want users to store their credit card with them for easy purchases. Smart, because everyone will do it.
 
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My first reaction was it's a good idea.

But the more I think about it, the more I think it's a bad idea.

However they try to spin it, people are likely to view it as a sneaky way of charging a membership fee - and you know what the reaction is every time those fake 'Facebook is going to start charging us' posts recirculate. Outrage.

I also think if they really are considering it, it's a sign they have run out of legitimate, creative ideas for monetisation - and that's not going to go down well with their investors.
 
This seems to be something to start experimenting on the membership/purchases world. I'm sure this could be expanded into something bigger and interesting for all users.
 
Trepanated said:
I also think if they really are considering it, it's a sign they have run out of legitimate, creative ideas for monetisation - and that's not going to go down well with their investors.
Click to expand...

EXACTLY my thoughts.

It seems like the people using sponsored tweets aren't coming back to buy more inventory.

I don't know a lot of people who profit from twitter ads :/
 
Haven't they monetized the most they've already can with the promoted Twitter Ads? The growth of users is starting to slow so they are going to need more income sources in order to keep the shareholders happy.
 
I am sure it would definitely bring more legit followers, if you have a blue check. It might help us, but will is potentially hurt Twitter's credibility? Would have to wait and see.
 
bad move, people are way too paranoid nowadays so this won't turn out to be positive as far as I can tell.
 
The feature is nice as long as it is rare and hard to get, once it becomes mainstream it looses its value.

Its a bit like selling iPhones for $1 - the product could be great, but soon enough even the most hardcore fans will stop viewing it as a valuable asset.
 
lancis said:
The feature is nice as long as it is rare and hard to get, once it becomes mainstream it looses its value.

Its a bit like selling iPhones for $1 - the product could be great, but soon enough even the most hardcore fans will stop viewing it as a valuable asset.
Click to expand...

I don't think you can compare it to the iPhone. You're not thinking critically enough. The iPhone is in a competitive market where people are constantly comparing price, features, appearance, etc.

Twitter verification is not something people shop around for. If you don't have the $1 Twitter verification, at the insecure age of 15, you'll be uncool. A similar $1 item, would be like a pack of gum. At a young age, it means a lot if you have it, over those that don't. It's a tough subject, but I think it's not as simple as comparing it to the exclusivity of an iPhone.
 
macdonjo3 said:
Twitter verification is not something people shop around for. If you don't have the $1 Twitter verification, at the insecure age of 15, you'll be uncool. A similar $1 item, would be like a pack of gum. At a young age, it means a lot if you have it, over those that don't. It's a tough subject, but I think it's not as simple as comparing it to the exclusivity of an iPhone.
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My friend wastes his money on iPhones because his children aren't considered cool without them. This is a direct consequence of Apple's positioning on the market and its prices. Same process applies to Twitter, no matter the (non-)complexity of their product. Being cool comes with price.
 
lancis said:
My friend wastes his money on iPhones because his children aren't considered cool without them. This is a direct consequence of Apple's positioning on the market and its prices. Same process applies to Twitter, no matter the (non-)complexity of their product. Being cool comes with price.
Click to expand...

I know what you're saying, but its $1, people are not going to overthink it. If a 15 year old can pry their parents credit card from them, they'll be superior to their peers, regardless of how much it costs. Sure, it'll be better seen if it was a higher price like the price of iPhone. Additionally, I'm telling you right now, I'll be paying that $1. I'm having a hard time thinking of someone who won't. Would it be profitable to charge more? Probably, but Twitter is just trying to collect credit cards.
 
While I think $1 is too low. I like the idea.
 
Does that mean I can follow more than 2k people on new accounts without this stupid phone verification crap? :D
 
Won't happen.

This was a fluff report started by Jason Calacanis and his "source" - it was done to drum up press about Twitter to keep the stock price up. If people thought they were going to do this they could simply multiply their user base by $1 and get a simple new rev source. All fluff. It will never happen. I asked someone at Twitter about this the day it hit and the response was "LOL...ahhh media coverage"

Just a publicity stunt...
 
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